Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
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Annual Report 2007-2008<br />
The Company has no scheme for stock options.<br />
The details <strong>of</strong> <strong>the</strong> terms <strong>of</strong> <strong>the</strong>ir appointment and remuneration are given in <strong>the</strong> Explanatory Statement to <strong>the</strong> Notice <strong>of</strong> <strong>the</strong><br />
Annual General Meeting.<br />
Details <strong>of</strong> ordinary shares <strong>of</strong> <strong>the</strong> Company held by <strong>the</strong> Non-Executive Directors are as under:<br />
Mr. Ratan N. Tata 59,792<br />
Mr. Deepak Parekh 1,845<br />
Mr. Jagdish Capoor 2,400<br />
Details on General Meetings:<br />
Location, date and time <strong>of</strong> <strong>the</strong> General Meetings held in <strong>the</strong> last 3 years are as under :<br />
Location<br />
ANNUAL GENERAL MEETINGS<br />
Date Time<br />
Birla Matushri Sabhagar August 3, 2007 3.30p.m.<br />
19, Sir Vithaldas Thackersey Marg, August 4, 2006 3.30 p.m.<br />
Mumbai – 400 020<br />
COURT CONVENED MEETING<br />
August 11, 2005 3.45 p.m.<br />
Birla Matushri Sabhagar<br />
19, Sir Vithaldas Thackersey Marg,<br />
Mumbai – 400 020<br />
December 13, 2006 10.30 a.m.<br />
All special resolutions passed in <strong>the</strong> previous three Annual General Meetings <strong>of</strong> <strong>the</strong> Company were unanimously<br />
passed by a show <strong>of</strong> hands by <strong>the</strong> Members <strong>of</strong> <strong>the</strong> Company present and voting at <strong>the</strong> said meetings.<br />
Postal Ballot<br />
The Company had successfully completed <strong>the</strong> process <strong>of</strong> obtaining <strong>the</strong> approval <strong>of</strong> its Members on <strong>the</strong> Ordinary<br />
Resolutions under Sections 293(1)(d) read with 192A <strong>of</strong> <strong>the</strong> Companies Act, 1956, pertaining to increase in borrowing<br />
limits <strong>of</strong> <strong>the</strong> company from Rs. 2000 Crores to 4000 Crores.<br />
Mr. Khushroo Driver, Advocate was appointed as <strong>the</strong> Scrutinizer, who had carried out <strong>the</strong> Postal Ballot process in a fair<br />
and transparent manner. The results were announced on November 23, 2007.<br />
Voting Pattern and Procedure for Postal Ballot :<br />
1. The Board <strong>of</strong> Directors <strong>of</strong> <strong>the</strong> Company had, at its meeting held on August 13, 2007, appointed Mr. Khushroo<br />
Driver, Advocate, as <strong>the</strong> Scrutinizer for conducting <strong>the</strong> postal ballot voting process.<br />
2. The postal ballot forms had been kept under his safe custody in sealed and tamper pro<strong>of</strong> ballot boxes before<br />
commencing <strong>the</strong> scrutiny <strong>of</strong> such postal ballot forms.<br />
3. All postal ballot forms received/receivable up to <strong>the</strong> close <strong>of</strong> working hours on November 15, 2007 <strong>the</strong> last date<br />
and time fixed by <strong>the</strong> Company for receipt <strong>of</strong> <strong>the</strong> forms, had been considered by him in his scrutiny.<br />
4. Envelopes containing postal ballot forms received on /after November 15, 2007, had not been considered for his<br />
scrutiny.<br />
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